The crypto space is all set to hit the mainstream soon, every project is coming up with unique plans to survive and dominate in the market, one such asset is Terra!
In a continuously evolving crypto market, Terra (LUNA) is one of the unique protocols that mainly uses fiat-pegged stablecoins to power price-stable global payment services. Terra has its own native token LUNA, which counters the limitations related to speed, scalability, and security.
As Terra’s constant upgrades are setting up new milestones, will the token continue its bull rally to hit new highs? This forecast will answer everything about LUNA price Prediction, updates, and the latest buzz.
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|Market cap||$ 17,671,198,426.0000|
|Circulating Supply||$ 401,597,400.1222|
|Trading Volume||$ 1,579,105,479.0000|
|All time high||$ 49.7000 October 4, 2021|
|All time low||$ 0.1218 March 18, 2020|
What is Terra (LUNA)?
Terra (LUNA) is a blockchain protocol launched in 2018 by Daniel Shin and Do Kwon. Founders wanted to venture into a new ‘Digital currency’ that could adjust to the modern economy’s flexibility. The CEO of Terraform Labs is Do Kwon.
As per their website and whitepaper, Terra employs a price stabilization algorithm that constantly balances the supply of a coin in regard to keeping prices stable. Terra’s native token LUNA is used to accomplish the following mission. On the whole, Terra can provide traders lower fees, high scalability, stability, and reliable financial assets.
Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies.
Terra has set up a number of partnerships with payment platforms, especially in the Asia-pacific regions. In July 2019, Terra partnered with Chai, a South Korea-based mobile payments application, in which buys made using the application on e-commerce platforms are permitted via the Terra blockchain network. Each transaction is subject to (on average) a 2%–3% fee charged to the merchant.
Besides, Terra is supported by the Terra Alliance, a group of businesses and platforms advocating for the adoption of Terra. In February 2019, the company reported that e-commerce platforms from 10 different countries, representing a user base of 45 million and a gross commodities value of $25 billion, were members of the alliance.
Now when you know what the Terra platform is! The next question that strikes your mind is, is LUNA a good investment for current year? Let see what the future holds for this altcoin in this Terra Price Prediction article.
LUNA Price Prediction 2021:
The year 2021 seems extremely positive for Terra, as the coin started its bullish rally from the very first day. With a trading value of $0.6494, Terra resumed its run in January.
The coin dramatically started to accelerate. By the mid of march, the LUNA price surpassed $21, with the success of the Anchor protocol launch. Then, woefully plunged back to $13 as bears overtook the market in the month of April.
In the month of May, as a result of a market collapse, Terra prices slumped down by 70% causing cryptocurrency to tank as low as $4. Then the price hovered around $6 till the month of July.
The altcoin hit new all-time highs at $33.12 on August 19 amid increasing bullish sentiment and powered partly by a boosted supply of UST and Terra network upgrade.
Terra (LUNA) is expected to continue this bullish trend throughout this year. Based on its growth pattern and predictions, LUNA price could smash $50 by the end of 2021. On the Downside, if the network does not carry out any remarkable development or if the bear rule the market the altcoin might hit the potential low of $4
Terra Price Prediction 2022:
In 2022, Terra (LUNA) is expected to expand across various countries, where the real challenge lies. Because it will become a borderless decentralized bank that regulators are trying to restrict., which would negatively affect the price of Terra (LUNA).
Therefore, we can expect Terra LUNA’s price variation in 2022, which would stand at a lower price of $10.48. The price can reach a maximum value of $100.63 with an average trading price of $44.7.
If LUNA focuses more on expanding its tie-ups and overtaking the developments the price is expected to rise up to $150 by the end of 2022.
Terra Price Prediction 2025:
The fundamental analysis becomes vital when forecasting the price of Terra in the long term. The native token LUNA has certain industry advantages. Its autonomous nature makes the digital economy perfect.
The LUNA network offers competitive programmable payment, logistics, and storage to ease Dapp and stable coin rise. This can attract a lot more investors and may lead the price to hit around the $500 mark by the end of the next five years.
In case, if the market collapses, the price may plunge to more than 50% and hit its low around $150.
However, if the coin survives with persisting investors by giving tough competition to its competitors (Ex: Solana), constant upgrades, and developments, then by the end of the next five years, the price may reach an average value of $200.
LUNA Market Prediction:
Walletinvestor made a bullish prediction for LUNA. They expect up to three-digit growth prices in the upcoming years. For the year 2021, they predict that the LUNA price may reach $35.48 by the end of 2021. The coin price may nearly double and hit $53.77 in 2022. They predict that the coin price will easily surpass the $100 benchmark and reach a value of $108.782 by the end of 2025.
A whopping prediction is made by ICOCREED as they predict LUNA price to hit $30.16 by the end of 2021. At present, they are expecting the terra price to reach $42.97. They predict the altcoin may surge up to $138.37 by the end of 2025.
They forecast that the price is expected to close its trading at $24.2 by 2021. Further, in 2022-2024, an average price close to $25 to $40 is predicted. They anticipate that the coin will easily exceed the $50 level.
The platform revised its forecast, they expect the Terra price is going to reach a decent price level of $22.242 by the end of 2021. The website predicts that Terra’s price will hover at an average price of $23.845 for the year 2022. According to their forecasts, the Terra price may not show any bullish trend any time soon.
According to longforecast.com, a popular economy forecast agency, the Terra price will hit a $61.25 price level by the end of 2021. The website has made an extremely bullish prediction, they expect that the price will boom up to $156.57 by the end of 2022. They forecast that the Terra coin price will stumble and try to consolidate around $101.84 in the mid of 2023, and will hit $149.62 by the end of the year.
Our Terra (LUNA) Predictions:
The constant upgrades and partnerships will give a massive boost to the price of Terra (LUNA). With recent network upgrades, the price is rising extremely positively.
According to Coinpedia’s formulated Terra price prediction, with bullish market sentiments, LUNA’s price may skyrocket to $53.68 by the end of the year 2021.
On the downside, future market fluctuation and increased competition may adversely affect the altcoin price to see a downtrend in the upcoming months, which may result in the collapse of the coin’s price to $30.
|Year.||Potential High.||Potential Low.|
Historic Market Sentiments:
Terra (LUNA) entered the market in the month of April 2019 with an ICO of $0.8. Initially, the price was hovering at the same price till the end of June. As a result of Coin’s partnership with Chai, the price spiked to an all-time high of $1.3133 by the end of July.
Further, the coin failed to consolidate around the same price, which dramatically reduced to $0.2588 by the end of the year.
The price started the year with a low price of $0.231, the coin lingered at the same price for around six months with no upgrades.
A result of the security upgrade and being listed on the Huobi exchange in the month of July resulted in a decent surge of the price to $0.5642. But again the price struggled to sustain above that level till the month of December.
In the month of December, Terra launched the Mirror protocol, which allows traders to issue synthetic assets. This launch gave an immense boost to the coin’s price, which hit $0.6525 by the year-end.
Yes, if you are planning for the long term Terra looks promising, as the coin is planning for expansion and more security upgrades
LUNA has a tremendous potential to reach new ATH’s as per the fundamental analysis. According to crypto influencers and experts, LUNA can hit the above $300 mark by the end of 2025.
LUNA coin is available across popular platforms such as: Binance, Coinbase, Huobi and more. You can easily register there and can trade the coin.
If the current bullish trend continues and if the coin plans for more updates and partnerships, LUNA is expected to hit $50 by the year-end.